Refained Earnings is:

• Liability

• Asset

• Stockholders' Equity

• Revenue

Accounts Payable and Accounts Receivable are

• Liabilities

• Assets

• Stockholders' Equity

• difierent types of accounting elements

Paid rent for the month, $4,200.

• Increase in an asset, increase in a liability.

• Increase in an asset, increase in owner's equity.

• Decrease in an asset, decrease in a liability.

• Decrease in an asset, decrease in owner's equity.

Determined that the cost of supplies on hand was $900; therefore, $1,600 of supplies had been used during the month.

• Increase in an asset, decrease in another asset.

• Increase in an asset, increase in owner's equity.

• Decrease in an asset, decrease in a liability.

• Decrease in an asset, decrease in owner's equity.

Paid creditors on account $9,280.

• Increase in an asset, decrease in another asset.

• Increase in an asset, increase in a liability.

• Increase in an asset, increase in owner's equity.

• Decrease in an asset, decrease in a liability.

Paid utilities expenses $500

• Increase in an asset, decrease in another asset.

• Increase in an asset, increase in a liability.

• Increase in an asset, increase in owner's equity.

• Decrease in an asset, decrease in owner's equity.

Paid 3 months rent $500

• Increase in an asset, decrease in another asset.

• Increase in an asset, increase in a liability.

• Increase in an asset, increase in owner's equity.

• Decrease in an asset, decrease in owner's equity.

Paid annual insurance premium $500

• Increase in an asset, decrease in another asset.

• Increase in an asset, increase in a liability.

• Increase in an asset, increase in owner's equity.

• Decrease in an asset, decrease in owner's equity.

Pald supplies for cash $500

• Increase in an asset, decrease in another asset.

• Increase in an asset, increase in a linbility.

• Increase in an asset, increase in owner's equity

• Decrease in an asset, decrease in owner's equity

A debit may signify a(n):

• increase in an asset account.

• decrease in an asset account.

• increase in a liability account.

• increase in the stockholders' equity (common stock) account.